Investment Analyst Multifamily & LIHTC / Affordable Housing (Dallas)

Job Summary

Culver Investment Partners (CIP) is a private multifamily real estate acquisition, investment, and operating firm with a fast-growing platform. We are seeking an entry-to-junior-level Investment Analyst (1-3 years of experience) with specific experience in affordable housing and LIHTC to join our team in Dallas, TX. This role provides a unique opportunity to support our acquisition and asset management teams, with a primary focus on traditional market-rate multifamily and affordable housing, including LIHTC and other regulated structures.

The Investment Analyst will assist in reviewing acquisition opportunities in traditional multifamily (core-plus and value-add) as well as affordable housing deals that utilize LIHTC, tax-exempt bonds, Section 8, HOME funds, and other layered financing sources, primarily in Sunbelt markets (Texas, Georgia, the Carolinas, Florida, Arizona, and other select areas). You will help develop investment theses, underwrite complex affordable capital stacks, analyze market dynamics, ensure regulatory compliance, and collaborate with senior leadership on sourcing, underwriting, due diligence, and asset strategy. The role also involves supporting asset management functions, including financial reviews, budgeting, compliance monitoring, and performance tracking in a small, entrepreneurial environment.

CIP has grown substantially in recent years, with over $500M and 2,900 units under management. CIPs executive team has over 30+ years of experience, $15B+ in transaction volume, and management of over 100,000 multifamily units. This position offers the chance to participate in promote / carried interest in all opportunities, providing a clear pathway for growth in multifamily and affordable housing investments.

Duties and Responsibilities

The role will be split between supporting acquisitions and asset management, plus additional involvement in construction management, accounting, and investor reporting. Daily responsibilities include, but are not limited to :

Acquisitions Support (Market-Rate & Affordable / LIHTC) :

• Perform property- and entity-level underwriting for multifamily opportunities, including detailed LIHTC pro formas, sources-and-uses stacking, and layered financing
• Build and audit Excel models for both traditional market-rate deals and complex affordable / LIHTC transactions.
• Analyze rent rolls, operating statements, compliance reports, QAP requirements, and investor / lender requirements.
• Prepare investment memos that clearly explain the capital stack, and long-term exit strategies.
• Coordinate due diligence for LIHTC transactions (8609s, partnership agreements, cost certifications, regulatory agreements, etc.).
• Conduct property tours and market research for both market-rate and affordable assets.

Asset Management & Construction Management Support :

Accounting and Investor Reporting Support :

Qualifications

Preferred : Experience with market-rate multifamily value-add underwriting; prior role at a LIHTC syndicator, affordable developer, housing finance agency, or investment firm focused on affordable housing.

This in-person position in Dallas offers exceptional professional development and the opportunity to participate in promote / carried interest on all deals in a growing owner / operator that is actively expanding in both traditional multifamily and mission-driven affordable / LIHTC housing.